HOHMAN FINANCE

 Hohman Finance arranges seller financing for home sellers with sufficient equity or resources to provide a mortgage. In these situations, the seller, will "act as lender" in the transaction with all else being approximately equal.  

We help you decide if providing a mortgage is smart based on your financial situation, tolerance for risk, and other prudent considerations. We want to help you make an informed decision that is beneficial for you. 

We present the risks and rewards to you from an investor’s perspective including the potential borrower’s ability to repay and risk profile. And you have the right of final loan approval or denial, just the same as any other lender.

Hohman Finance arranges seller financing for homeowners with sufficient home equity or capital and choose to sell their real estate. In these situations, the seller also acts as the lender in the transaction. The cash they receive at closing is the down payment less any required payoffs and typical transaction costs. The seller then also receives monthly scheduled mortgage principal & interest payments and any unscheduled payments including and up to repayment of the entire outstanding loan balance.

The seller/mortgagee and the buyer/mortgagor can simply expect to agree upon normal terms at or near current mortgage market interest rates. 

As a full-service mortgage company, we provide sellers with the necessary tools and we manage the process to completion. This typically includes:

• term agreement strategies
• standard loan documentation and legal protections 
• detailed credit analysis and recommendation with seller's final loan approval
• closing, funding, title recording and other procedural requirements

We also offer loan post-closing resources and referrals including, but not limited to, the following: 

• loan payment processing
• loan payment delinquency, default and foreclosure actions and other loss mitigation efforts
• purchase, sale and transfer of seller financed debt instruments 

To discuss if seller financing is a suitable option for you, please call us directly at (972) 214-9564 or e-mail us and we will reply within 24 hours.